The Country With the Most Beautiful Eyes in the World

In This Article:

We recently compiled a detailed report on 20 Countries With The Most Beautiful Eyes in the World and here we will discuss the country with the most beautiful eyes in the world.

Overview of the Global Cosmetic Sector

Beauty is one of the fastest-growing industries in the world, with people across the globe wanting to become a part of it. According to a report by McKinsey & Company, the beauty market generated around $430 billion in revenue in 2022. This included fragrance, skincare, haircare, and makeup. The industry has remained resilient despite a turbulent macroeconomic environment, and has been on the path to recovery after the COVID-19 pandemic. The beauty market is anticipated to touch the $580 billion mark by 2027, which translates to a projected growth of 6% a year.

The Eye Makeup and Contact Lenses Market

The eye makeup market makes up a significant portion of the beauty industry, and typically includes products like eye shadow, eyeliner, mascara, and other relevant makeup product types. According to a report by Mordor Intelligence, the eye makeup market is expected to grow with a CAGR of 5.40% between 2019 and 2029. Although the fastest growing market for the eye makeup industry is the Asia and Pacific region, the largest market appears to be concentrated in North America. According to a report by Cosmetics Europe, the cosmetic industry in Europe supports more than 3.6 million jobs in the region. As of 2022, the industry generated around 254,256 direct jobs, along with approximately 2.78 million indirect jobs in the cosmetics value chain. In addition, for every ten job opportunities created by the cosmetics and personal care industry in Europe, at least two additional jobs crop up in the wider economy.

Another report by Mordor Intelligence shows that the market size for contact lenses stood at $10.23 billion as of 2024, and is expected to reach $12.24 billion by 2029. This translates to a positive growth rate standing at a CAGR of 3.66% between 2024 and 2029. While the fastest-growing market for contact lenses is in the Asia-Pacific region as of 2024, the largest market is concentrated in North America. You can also look at 20 Countries with the Most Beautiful Women in Asia and 15 Beauty Treatments That Are Expensive But Totally Worth It.

Key Players in the Cosmetic Industry

A number of prominent brands have been making advances in the industry, including increased accessibility of cruelty-free products. Some of these companies include The Estee Lauder Companies Inc. (NYSE:EL) and L'OrƩal SA (EPA:OR). The Estee Lauder Companies Inc. (NYSE:EL) just completed its acquisition of the Canadian-based DECIEM Beauty Group Inc., a multi-brand company known for its flagship brand The Ordinary. Estee Lauder Companies Inc. (NYSE:EL) initially invested in DECIEM Beauty Group Inc., more commonly known as The Abnormal Beauty Company, in 2017. The former then became the majority owner of DECIEM Beauty Group Inc. in 2021, before eventually acquiring the remaining interests. The Ordinary is known for its innovative approach to skincare, with a number of its products specially made for the eyes.